Role of Microfinance in Reducing Income Inequality: A Case Study of Nadia District in West Bengal
- Country : India
- Subject : Economics
Although there has been sharp decline in the poverty, still about 270 million people (21.9%) of the country live below the poverty line. There has been highly unequal distribution of income between the rich and the poor. Under this backdrop, microfinance has been considered as poverty alleviation. The objective of this study is to measure the income inequality among the SHG and non-SHG households in the study area. Ranaghat-II block under Nadia district of West Bengal has been selected for the purpose of the study. The study is mainly based on both primary data collected from a field survey. Taking 40 respondents from SHGs and 40 women from non-SHGs altogether 80 samples have been considered to conduct the present study. In conclusion, it can be said that micro has been able to reduce the inequalities in the distribution of household income of the SHG members.